What you'll learn
- Build a review cycle into the plan
- Change the strategy by evidence, one rule at a time
- Know where to go next after this curriculum
The review cycle
| Cadence | Questions |
|---|---|
| Daily | Did I follow the plan? What did I feel? What is tomorrow's calendar? |
| Weekly | Rule breaks and their cost. Which setups worked. Anything unusual in the market. |
| Monthly | Win rate, average win and loss, expectancy, profit factor, drawdown, by setup. Is anything drifting? |
| Quarterly | Does the data justify a change? What one thing will I test next quarter? Is the plan still right for my life? |
Changing on evidence
The record will suggest changes: a setup that loses, a session that underperforms, a filter that would have avoided the worst trades. Make one change, forward test it for a fixed sample, and compare. The urge to change everything after a bad month is the same emotion as revenge trading, expressed more slowly.
Studying the weak areas
If the journal shows losses cluster around news, reread Course 7. If they cluster in ranges, reread the lessons on structure and filters. If the average loss is above 1R, reread stops and discipline. This curriculum is designed to be returned to, and the glossary and guides expand on every lesson.
What success does
A profitable year produces boredom with the routine and confidence that the rules can be bent. Both show up in the journal as rule breaks, and the plan's post-win rules exist for them. Scaling up is done slowly, by the plan, after the record justifies it, and never in the week after a big win.
Where next
- Take the final assessment to check what has stuck.
- Use the glossary when a term is unclear and the guides when a topic needs more depth.
- Research brokers and prop firms with the questions from Courses 2 and 3 in hand.
- Keep the journal. It is the only textbook written specifically for you.
Key takeaways
- Review daily, weekly, monthly and quarterly with fixed questions.
- Change one rule at a time on evidence.
- Return to the lessons the journal points at.
- Guard the process against success as well as failure.
Knowledge check
Trading forex, CFDs and other leveraged products carries a high risk of losing money. This lesson is general education, not advice. Risk disclosure.